is insurance bear the risk of loss as a result of the export-import activities.
There are two (2) in terms of the risk of export - import, namely:
Commercial risk
• Importer bankruptcy
• Importer breach of contract
• Importer refused
Political risk
• Prohibition of transfer
• quota restrictions
• Revocation of license
• War / other hostilities
The insurance indemnity of import export is maximum 85% of the losses. And other types of protection as follows:
Clause A (ICC A)
Protecting goods from all risk of loss or damage exception of certain exceptions. (Complete protection).
Clause B (ICC B)
Provides protection against loss or damage caused by major accidents and damage by water. (There are some exceptions)
Clause C (ICC C)
Protect the goods from loss or damage caused by a major accident.
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